Federal bill would pay homeowners up to $10,000 to disaster-proof before storms hit

What does this do?

HR 1105 creates a federal grant program that sends money to states and tribal governments, which then distribute grants of up to $10,000 to qualifying households in high-risk areas. Funds can pay for roof reinforcement, storm shelters, fireproofing, flood elevation, or brush clearing. The bill also creates a 30 percent federal tax credit for homeowners who pay out of pocket for those same improvements.

Who does it affect?

Homeowners in high-risk natural disaster areas who earn under $250,000 a year (or $500,000 for couples filing jointly) qualify for grants. Farmers receiving federal disaster aid and renters whose landlords use the tax credit are also affected.

Why does it matter?

States receiving grant funding must report on insurance availability in high-risk areas, drawing regulators and insurers into the program's oversight structure. Grant money and qualifying state mitigation payments would not count as taxable income, and farm disaster assistance payments would become tax-free under the bill.

What does it cost, and who pays?

• Grants up to $10,000 per household
• 30% tax credit for qualifying upgrades
• Paid through states and tribal govts